07 March 2023Climate Change, Publications, Risk, TCFD
News
Singapore’s OCBC to stop funding oil, gas projects
Singapore's OCBC bank has announced its latest decarbonisation goals, under which it will stop financing upstream oil and gas projects that received approval for development after 2021.
Finance Leadership Group on Plastics contributes to development of international instrument to end plastic pollution
Ahead of the second session of the Intergovernmental Negotiating Committee (INC-2) to develop an international legally binding instrument on plastic…
New working group to help banks align their portfolios with the Kunming-Montreal Global Biodiversity Framework
A pioneering working group consisting of 35 signatories of the Principles for Responsible Banking (PRB) has been formed to innovate…
As legal frameworks to protect ocean and biodiversity increase, what can investors do?
Last month, after more than 10 years of negotiations, UN delegates reached an historic agreement concerning the protection of marine biodiversity in international waters, an area covering almost half of the Earth’s surface and 95% of the planet’s habitat by volume.
Latin American and Caribbean Principles for Responsible Banking signatories exchange experiences on target setting
UNEP FI promoted a three-day event to exchange experiences on targets for positive impact on financial health and inclusion, climate…
Costa Rica to strengthen its sustainable finance framework
A new project to align the Costa Rican financial sector’s financial flows with the climate change objectives of the Paris…
Beneva becomes first Canadian insurer to join the UN-convened Net-Zero Insurance Alliance
Québec/Geneva, April 20, 2023—The United Nations’ Principles for Sustainable Insurance Initiative (PSI) welcomes Beneva as the first insurer domiciled and…
New guidance on what the Kunming-Montreal Global Biodiversity Framework means for responsible investors
Investors should invest in innovative financial solutions to address biodiversity risks and help mobilise the required US$200bn per year by…
The Net-Zero Asset Owner Alliance urges G7 Finance Ministers to join its call for MDB and DFI reform
The Net=Zero Asset Owner Alliance Chair – Guenther Thallinger – has written to the G7 Finance Ministers, urging them to call for a reform of multilateral development banks and development finance institutions.
Net-Zero Asset Owner Alliance outlines four key principles for evaluating asset managers’ climate policy engagement
For investors to address systemic risks posed by climate change, they must focus on systematic solutions and use multiple levers…